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Step by step guide for renting a stall

Prior to starting to look for the right kind of stall as per your needs, there is ample need to consider your priorities, size, location, and budget, etc. There are a number of simple steps which are compiled as under:

Viewing of the site:

If you have had a look at the property where you want your stall to be located, then comes the stage of getting in touch with the property dealer or owner so that it can be ensured that your anticipations are well aligned with what is being offered.

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Decision making:

Once you have viewed the new site for your stall, then comes the time to decide whether if you want to go with it or not. If you decided positively then you need to notify the authority who deals with that property first, then, you would also need to consider perspective like financials and other fees, etc.

Paperwork:

This is the stage when as a renter you would be normally expected to cover the holding deposit or a certain fee or even a guarantor along with an assessment of references and so forth.

Agreement & deposit:

The agreement is a legal document that has all the conditions and regulations which must be adhered to by both the parties and hence, it must be read carefully before finalizing. Also, the security deposit and initial payment is usually taken together and is mainly deemed as a legal requirement in most of the cases.

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Occupying the site:

Now finally after all the formal obligations, you are ready to start your stall and get running with your business. Usually, in some cases, your inventory or stock might be checked whereas, there could also be a need to carry the insurance in order to cover any uncertain circumstances.

Understood responsibilities:

Most of the time, due diligence related clauses are added in the tenancy agreements, however, even if they are not then still, you are expected to adopt a civilized and sophisticated approach towards the keeping-up of the stall and its premises. Apart from covering the essential costs, as a renter, you have a constructive liability to ensure cleanliness, avoid litter, do maintenance and ensure all the steps which are needed to keep the place in a proper organized order.

Completion of the agreement:

The majority of the stalls which are run by their owners tend to be seasonal and never have a perpetual life. So, after you have had finished your stall, then comes the final step of duly recording an end of the tenancy agreement. Getting it done in a well systematic manner does not enhance your goodwill as a renter but you can also have a hand on your deposit which was kept with the owner of premises at the start of the agreement. Make sure to take all the belongings with you once you move out.

 

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